I really feel sorry for the 195 attendees who actually want this oil project to succeed because they are the ones being deceived. No matter what heads of agreement the government are signs this project will not go ahead because there are no financial backers and the project is owned by a blind trust. Its just a bunch of smoke and mirrors.
Based on the article in the link below every stage of oil production causes serious health problems which the people of Pinder's Point and Lewis Yard Grand Bahama are well aware of over the last half a century.
Why do you think the residence of Florida have rejected offshore oil drilling? Why do you think Oban wants to process low grade sulfur rich very high pollution fuels in a jurisdiction with zero expertise in oil regulation? Why does Oban with no clear financial backing and an opaque Trust structure with no real beneficial class want to deal with our government who are novices in large scale chemical plants and international transactions?
Why would the government of the Bahamas subject the people of East Grand Bahama to health hazards when our hospitals are stretched to the breaking point? Its like they don't care about people or the environment. Only the almighty US dollar.
sealice, the above statement Carl, is clear and concise and if implemented correctly will put us on the right path. However, I agree with you, through no fault of their own we are dealing with a medical doctor as head of state and a minister of finance who was a local business man.
They are simply outside of their depth. As with the Oban deal, they have no idea that they have no idea as to what to do. Just like Halkitas implementing VAT with no additional government checks and balances.
Neither of them ever did a global transaction before and probably didn't even know what a trust or IBC actually was before they came to power. They are on a steep learning curve.
At the end of the day, the billion or so dollars raised through the income tax will have no impact on the deficit or anything else for the matter.
Finally, finally someone in government is talking straight to the Bahamian people on what the EU is requiring....the two way movement of capital (dismantling of exchange controls, Bahamians will be able to invest outside the country as well) and the elimination of ring fenced industries reserved for Bahamians (I mean Bahamian elites/government eg. oil importation, electrical generation, ports, legal, accounting and retail). While they are at it they need to get rid of these dreadful Heads of Agreement deals giving away our land, sea and taxes to a single individual (normally some shady individual). Happy to see they are not going to sell anymore crown land Bahamian cays so foreigners can destroy them and take them out of reach of Bahamians like a gated community (unless you are there to mow the lawn).
observer2 says...
...not really upset at all. just expressing my opinions.
On Dhunna defends Oban to split GB audience
Posted 23 March 2018, 4:04 p.m. Suggest removal
observer2 says...
suggest you chat with the residence of Pinder's Point and Lewis Yard on foul odors.
On Dhunna defends Oban to split GB audience
Posted 23 March 2018, 4:03 p.m. Suggest removal
observer2 says...
Well done KP!
Keep the forensic audits going. Once you expose systemic organized corruption within the public sector the funds saved will balance the budget.
On IMF – Your economy has turned the corner
Posted 23 March 2018, 11:08 a.m. Suggest removal
observer2 says...
I really feel sorry for the 195 attendees who actually want this oil project to succeed because they are the ones being deceived. No matter what heads of agreement the government are signs this project will not go ahead because there are no financial backers and the project is owned by a blind trust. Its just a bunch of smoke and mirrors.
On Dhunna defends Oban to split GB audience
Posted 23 March 2018, 10:50 a.m. Suggest removal
observer2 says...
Based on the article in the link below every stage of oil production causes serious health problems which the people of Pinder's Point and Lewis Yard Grand Bahama are well aware of over the last half a century.
Why do you think the residence of Florida have rejected offshore oil drilling? Why do you think Oban wants to process low grade sulfur rich very high pollution fuels in a jurisdiction with zero expertise in oil regulation? Why does Oban with no clear financial backing and an opaque Trust structure with no real beneficial class want to deal with our government who are novices in large scale chemical plants and international transactions?
Why would the government of the Bahamas subject the people of East Grand Bahama to health hazards when our hospitals are stretched to the breaking point? Its like they don't care about people or the environment. Only the almighty US dollar.
http://en.hesperian.org/hhg/A_Community…
On Dhunna defends Oban to split GB audience
Posted 23 March 2018, 10:45 a.m. Suggest removal
observer2 says...
sealice, the above statement Carl, is clear and concise and if implemented correctly will put us on the right path. However, I agree with you, through no fault of their own we are dealing with a medical doctor as head of state and a minister of finance who was a local business man.
They are simply outside of their depth. As with the Oban deal, they have no idea that they have no idea as to what to do. Just like Halkitas implementing VAT with no additional government checks and balances.
Neither of them ever did a global transaction before and probably didn't even know what a trust or IBC actually was before they came to power. They are on a steep learning curve.
At the end of the day, the billion or so dollars raised through the income tax will have no impact on the deficit or anything else for the matter.
Nothing will change.
On Corporate taxation on the way for Bahamas
Posted 22 March 2018, 5:02 p.m. Suggest removal
observer2 says...
Finally, finally someone in government is talking straight to the Bahamian people on what the EU is requiring....the two way movement of capital (dismantling of exchange controls, Bahamians will be able to invest outside the country as well) and the elimination of ring fenced industries reserved for Bahamians (I mean Bahamian elites/government eg. oil importation, electrical generation, ports, legal, accounting and retail). While they are at it they need to get rid of these dreadful Heads of Agreement deals giving away our land, sea and taxes to a single individual (normally some shady individual). Happy to see they are not going to sell anymore crown land Bahamian cays so foreigners can destroy them and take them out of reach of Bahamians like a gated community (unless you are there to mow the lawn).
Well done!
On Corporate taxation on the way for Bahamas
Posted 22 March 2018, 3:41 p.m. Suggest removal
observer2 says...
The word is already out. The only investors we can attract now is Oban style.
On Sarkis: ‘No good cause’ to halt my $2.25bn suit
Posted 22 March 2018, 10:20 a.m. Suggest removal
observer2 says...
Baha style duplicity at its best. Even his own director, formerly a harsh critic of the current owners, once he got in power, switch on him.
A lesson for all about politicians.
On Sarkis: ‘No good cause’ to halt my $2.25bn suit
Posted 22 March 2018, 10:19 a.m. Suggest removal
observer2 says...
Why do the same old people who should be retired always get the international exposure?
Why not send some fresh young people.
No wonder any young people who have the opportunity never return after being educated international.
No opportunities for them here.
On Bostwick to lead observers at Antigua and Barbuda vote
Posted 22 March 2018, 10:14 a.m. Suggest removal